Treasury Bill Yields Slip

December 17, 1985

Yields on short-term Treasury securities fell slightly in Monday`s auction, with rates on six-month bills dropping to their lowest level in five months. The Treasury Department sold $7.6 billion in three-month bills at an average discount rate of 7 percent, down from 7.05 percent last week. Another $7.6 billion was sold in six-month bills at an average discount rate of 7.01 percent, down from 7.02 percent last week. The three-month rate was the lowest since 6.81 percent on Sept. 23. The six-month rate was the lowest since 7 percent on July 8.